How To Fix FR894 - No accounting principle assigned to valuation area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 894

• Message text: No accounting principle assigned to valuation area &1

What causes this issue?

In Customizing, the valuation area is not assigned to an accounting
principle. You can use the accounting principle to define the general
ledgers in which posting takes place.

System Response

Error message

How to fix this error?

Assign the valuation area to an accounting principle.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR894 - No accounting principle assigned to valuation area &1 ?

  The SAP error message FR894 "No accounting principle assigned to valuation area &1" typically occurs in the context of financial accounting and controlling when there is a missing configuration related to accounting principles in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Configuration: The error indicates that there is no accounting principle assigned to the specified valuation area (e.g., a company code or a controlling area). This can happen if the configuration for the accounting principles has not been set up correctly in the system.
  Valuation Area Not Defined: The valuation area may not be defined properly in the system, or it may not be linked to the relevant accounting principles.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing entries in the configuration.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Valuation > Define Accounting Principles.
  Ensure that the accounting principle is defined and assigned to the relevant valuation area (e.g., company code).
  
  
  
  Assign Accounting Principles:
  
  If the accounting principle is not assigned, you can assign it by selecting the appropriate valuation area and linking it to the accounting principle.
  Make sure that the accounting principles are correctly set up for all relevant valuation areas.
  
  
  
  Review Valuation Area Settings:
  
  Check the settings for the valuation area in the system to ensure that it is correctly defined and linked to the necessary accounting principles.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to financial accounting configuration to ensure that all necessary steps have been followed.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBY6 (for company code settings) or OBY1 (for defining accounting principles) to access the relevant configuration screens.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant or your organization's SAP support team for further assistance.